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To: ml/nj
First, a number of these employees got million dollar “bonuses” on the taxpayer's dime. Second, where exactly are these geniuses going to go if they leave? Frankly giving them a million dollars makes it much easier for them to walk away - if that's the claimed purpose of paying them the bonus. The financial sector isn't hiring.

These people engineered a catastrophe through greed and now the they expect the taxpayer to continue paying them at extreme levels for extreme failure. I strongly disagree with you on this one. It is obscene.

56 posted on 03/19/2009 5:16:23 AM PDT by DB
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To: DB
The financial sector isn't hiring.

I believe it was when these bonuses were promised.


These people engineered a catastrophe through greed

Oooooo, greed. If it weren't for greed, we'd all be living like the folks in Cuba. Profit is the reward our system offers for creating jobs.

ML/NJ

57 posted on 03/19/2009 5:34:19 AM PDT by ml/nj
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To: DB
You might also consider this:
The dispute over AIG's payouts represents the most pressing controversy confronting the administration as it addresses the financial crisis. Some private firms say the furor has made them wary of joining the federal initiatives to help save the economy.(from MSNBC,/a>)
And the do-gooders won't stop at restricting the compensation of employees at the companies they've nationalized. They'll go on to the companies that merely do business with the nationalized companies. I'm sure you'll sleep easier when only the Jamie Goreliks and Franklin Raineses are collecting seven and eight figure bonuses.

ML/NJ

59 posted on 03/19/2009 6:04:30 AM PDT by ml/nj
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